4Definitions

4 Definitions

Note: A number of expressions used in this instrument are defined in the Act, including the following:

(a) allied health profession;
(b) claim;
(c) incident;
(d) medical practitioner;
(e) private medical practice.

In this instrument:

Act means the Medical Indemnity Act 2002.

AFCA scheme has the meaning given by section 761A of the Corporations Act 2001.

Note: The AFCA scheme is an external dispute resolution scheme that is authorised under Part 7.10A of the Corporations Act 2001 and that is operated by AFCA (short for the Australian Financial Complaints Authority).

Commonwealth, State or Territory agency means:

(a) the Commonwealth; or
(b) a State; or
(c) a Territory; or
(d) an authority established under a law of the Commonwealth, a State or a Territory.

general interest charge rate has the same meaning as in section 8AAD of the Taxation Administration Act 1953.

Note: The general interest charge rate is a daily rate.

gross indemnity costs has the meaning given by the Medical Indemnity Regulations 2020.

GST has the same meaning as in the A New Tax System (Goods and Services Tax) Act 1999.

premium period has the meaning given by the Medical Indemnity Regulations 2020.

Note: A premium period may vary from one insurer to another.